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ICICIdirect Vs Tradingo (Compare ICICIdirect and Tradingo)

ICICI Securities Pvt Ltd. Logo

About ICICIdirect
ICICIdirect is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICIdirect's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI Tr... Know more about ICICI Securities Pvt Ltd.

Tradingo (Swastika Investmart Ltd) Logo

About Tradingo
Tradingo is an Indore-based discount broker offering stock, commodity, and currency trading services. Tradingo provides transparent, faster, and low-cost brokerage service to India Stock Market customers who would like to trade online with little assistance from a broker. Tradingo was launched in 2016 and later became part of Swastika Investmart Ltd, a traditional stockbroker, and financial service provider since 1992. Tradingo charges zero brokerage on Equity Delivery trades and flat Rs 20 fo... Know more about Tradingo (Swastika Investmart Ltd)

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ICICIdirect Vs Tradingo

Incorporated in 2000, ICICIdirect is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2016, Tradingo is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has branches across India.

  ICICIdirect Tradingo
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE NSE, BSE, MCX and NCDEX
Year of Incorporation 2000 2016
Number of Branches 154
Open ICICIdirect AccountOpen Tradingo Account

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ICICIdirect Vs Tradingo Charges & AMC

ICICIdirect trading account opening charges is Rs 0 (Free) while Tradingo account opening changes is Rs 0. ICICIdirect Demat Account AMC Charges is Rs 300 (from 2nd year) and Tradingo Demat Account AMC Charges is Rs 250.

  ICICIdirect Tradingo
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 250

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ICICIdirect Vs Tradingo Brokerage

ICICIdirect brokerage charges for equity is 0.55% and intraday is Rs 20 per order whereas Tradingo brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per trade or 0.03% (whichever is lower).

Account Type ICICIdirect ICICI Neo Plan Tradingo Discount Broking Plan
Fixed Charges NA Nil
Equity Delivery 0.55% Rs 0 (Free)
Equity Intraday Rs 20 per order Rs 20 per trade or 0.03% (whichever is lower)
Equity Futures Rs 0 (Free) Rs 20 per trade or 0.03% (whichever is lower)
Equity Options Rs 20 per order Rs 20 per executed order
Currency Futures Rs 20 per order Rs 20 per trade or 0.01% (whichever is lower)
Currency Options Rs 20 per order Rs 20 per executed order
Commodity Futures Rs 20 per order Rs 20 per trade or 0.01% (whichever is lower)
Commodity Options Rs 20 per order Rs 100 per executed order
Special Offer
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now
Special Offer: Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

ICICIdirect Vs Tradingo Brokerage Plan 2

  ICICIdirect Tradingo
Account Type I-Secure Plan Premium Plan
Fixed Charges NA
Equity Delivery 0.55% 0.3% of trade value
Equity Intraday 0.275% 0.03% of trade value
Equity Futures 0.05% 0.03% of trade value
Equity Options Rs 95 per lot Rs 50 per lot
Currency Futures Rs 20 per order 0.3% of trade value
Currency Options Rs 20 per order Rs 50 per lot
Commodity Futures Rs 20 per order 0.3% of trade value
Commodity Options Rs 20 per order Rs 100 per lot
Open ICICIdirect AccountOpen Tradingo Account

ICICIdirect Charges Vs Tradingo

Minimum Brokerage Rs 35 per trade (I-Secure Plan) Rs 0
Other Charges Margin Trading Interest: 0.025% Per day Real Time Trade Confirmation SMS Charges - Rs 0.25 per trade (capped to Rs. 10 per day)
Call & Trade Charges Rs 50 per trade Additional Rs 20 per executed order

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ICICIdirect Vs Tradingo Transaction Charges

ICICIdirect transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Tradingo exchange transaction charges for options is NSE Rs 7500 per crore | BSE Rs 50 per crore (each side) (on premium).

  ICICIdirect Tradingo
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (each side
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per crore | BSE Rs 275 per crore (each side
Equity Futures Rs 180 per Cr (0.0018%) NSE Rs 325 per crore | BSE Rs 50 per crore (each side)
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 7500 per crore | BSE Rs 50 per crore (each side) (on premium)
Currency Futures Rs 120 per Cr (0.0012%) NSE Rs 160 per crore (0.0016%)
Currency Options Rs 5000 per Cr (0.05%) (on premium) NSE Rs 6000 per crore (0.06%)
Commodity Group A - Rs 260 per Cr (0.0026%) Non-Agri Rs 325 per crore | Agri (NCDEX) Rs 600 per Cr
Open ICICIdirect AccountOpen Tradingo Account

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ICICIdirect Vs Tradingo Leverage (Margin)

ICICIdirect margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Tradingo margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  ICICIdirect Tradingo
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open ICICIdirect AccountOpen Tradingo Account

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Compare ICICIdirect and Tradingo Features

The trading platforms offered ICICIdirect include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Tradingo offers Tradingo, Justrade trading software.

  ICICIdirect Tradingo
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes Yes
Trading Platform ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Tradingo, Justrade
Intraday Square-off Time 3:30 PM Eq: 3:15PM | Curr/Commodity: 15 Mins before market closes
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
Open ICICIdirect AccountOpen Tradingo Account

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ICICIdirect Vs Tradingo Review

ICICIdirect is rated 2.4 of 5 based on 460 customer reviews whereas Tradingo is rated 4.0 of 5 based on 6 customer reviews.

  ICICIdirect Tradingo
  460 Customer Reviews    Rate ICICIdirect 6 Customer Reviews    Rate Tradingo
Fees 2.2 4.2
Brokerage 1.7 4.7
Trading Platform 3.3 3.5
Customer Service 2.7 3.8
Research Capabilities 2.9 2.0
Overall Ratings Rated 2.4 stars Rated 4.0 stars
Broker Rating ICICIdirect is rated 2.4 of 5 based on 460 customer reviews Tradingo is rated 4.0 of 5 based on 6 customer reviews

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Contact Broker / Request A Call Back

  ICICIdirect Enquire Tradingo Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Free equity delivery trading (truly no brokerage) and Flat Rs 20 Intraday and F&O trade brokerage. Get the offer

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ICICIdirect Vs Tradingo Investment Options

  ICICIdirect Tradingo
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS

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ICICIdirect Vs Tradingo Order Type Offered

  ICICIdirect Tradingo
Bracket Order No Yes
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) No
Good Till Cancelled (GTC) Yes
Open ICICIdirect AccountOpen Tradingo Account

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ICICIdirect Vs Tradingo Research Report

  ICICIdirect Tradingo
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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ICICIdirect Vs Tradingo Suitable For Investor Type

  ICICIdirect Tradingo
Casual Investor Yes
Active Investor Yes
Trader Yes

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ICICIdirect Vs Tradingo - Pros and Cons

  ICICIdirect Tradingo
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.
  • Discount stock broker.
  • Offer margin funding and higher exposure.
  • No brokerage charges for equity delivery trades.
  • 3 different trading platforms: ODIN, NSE Now, JUSTRADE
  • Online IPO and Mutual Funds available.
  • Free trading software
  • Branches in 80+ cities.
Cons
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Call & trade cost extra Rs 50 per trade in Neo/Prime Plans.
  • Call & trade is changed Rs 20 extra.
  • Doesn't offer 3-in-1 account
  • Charge annual maintenance change on demat account.
Reviews

Tradingo is an Indore-based discount broker offering online and offline trading and investment services across Stocks, F&O, Currency, Commodity, IPO, Mutual Funds, and US Stocks.

Tradingo was launched in 2016 and later became part of Swastika Investmart Ltd, a traditional stockbroker and a financial service provider with over two decades of experience in the broking industry. Tradingo is known to provide transparent, faster, and low-cost brokerage services to its customers.

Tradingo offers free account opening. It has a simple pricing model with two brokerage plans to offer - (i) Discount Broking Plan (ii) Premium Plan. Tradingo charges zero brokerage on Equity Delivery trades and flat Rs 20 for all other segments at BSE, NSE, and MCX under the Discount Plan. With the Premium plan, investors get access to daily free research calls, a personal relationship manager, brokerage credit, and higher exposure limits at an additional cost.

Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

Free Equity Delivery Trading

Get free equity delivery trading (truly no brokerage) and pay flat Rs 20 brokerage for Intraday and F&O trades. Click here to open an account with Tradingo

Open ICICIdirect AccountOpen Tradingo Account

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